$10,000 Closing Credit*
$875,000
3,292 SqFt
5 Beds
•4 Full Baths, 1 Partial
Missy A Aldave, Listing Office: Northrop Realty
Is Phoenix, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Phoenix has remained a Seller's Market.
Key Takeaway
Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenix, MD
How much do homes in Phoenix, MD cost?
Median Sold Price
$743,750
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$61,250(+9.0%)
Key Takeaway
Homes in Phoenix have sold for 9% more than they did a year ago.
Summary: The median home sold price in Phoenix was $743,750 in September 2024, up 9% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $645K | $600K | -7.0% |
| 3 Bedrooms | $495K | $600K | +21.2% |
| 4 Bedrooms | $668.5K | $750K | +12.2% |
| 5+ Bedrooms | $880K | $925K | +5.1% |
Summary: Phoenix housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Glen Arm | $567.5K | $641.2K | +13.0% |
| Phoenix | $682.5K | $743.7K | +9.0% |
| Cockeysville | $449.9K | $470K | +4.5% |
| Baldwin | $664K | $650K | -2.1% |
| Monkton | $829.9K | $715K | -13.8% |
Housing Supply in Phoenix, MD
How many homes are available in Phoenix, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Summary: The Phoenix real estate market had 31 homes for sale in September 2024, a 40.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Phoenix housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Phoenix in September 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Phoenix, MD
How long does it take to sell a home in Phoenix, MD?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +2.9% |
Summary: Homes in Phoenix had an average of 20 days on market in Sep 2024, up by 2.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phoenix are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Phoenix; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
